Nuwellis Q1 2020 Earnings Report
Key Takeaways
CHF Solutions, Inc. reported a 34% increase in revenue for the first quarter of 2020 compared to the previous year, with revenue reaching $1.6 million. The company also obtained regulatory clearances for its Aquadex SmartFlow system and expanded its commercial presence in Europe.
Revenue for Q1 2020 was $1.6 million, a 34% increase year-over-year.
Received regulatory clearances in the U.S. and EU for the Aquadex SmartFlow system.
Aquadex therapy is helping COVID-19 patients by managing fluid overload.
Expanded commercial presence in Europe with distribution arrangements and regulatory clearance to sell in India.
Nuwellis
Nuwellis
Forward Guidance
The company remains optimistic about the value it can bring to customers and investors, despite uncertainties for the rest of the year.